Federal Reserve Rates are placed The Federal Open Market Committee meeting stables on Wednesday for the fifth straight time. The bank kept the interest rate between 4.25 % and 4.5 %.
“High taxes have begun to show some goods prices more clearly, but their overall impact on economic activity and inflation remains to be seen.” Chairman Jerome Powell In the meeting
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Two members It was disagreed with the Board of Governors appointed by President Donald Trump and proposed to reduce interest rates by a quarter point. Nevertheless, most experts expected a decision. Inflation is at 2.7 %According to press time, the feed preferred 2 % of the number.
“Our responsibility is long -term… ancient anchor expectations of inflation, and one -time hike in price level is to prevent inflation from becoming an ongoing inflation problem,” Paul said.
Elvis Auson Bog, Head of Investment Strategy JP Morgan Wealth ManagementTold Businessman That nowadays the data has not justified the reduction in the rate.
Auson Bog wrote in an e -mail, “I don’t think the polygun was very upside down about the signal.” “As stands today, the figures are not demanding anyone yet, and a lot may change between the next FOMC decision in September.”
Although there was no clear indication of the decline in September rate at the next feed meeting, Auson Bog believes it is a strong possibility.
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“This is still a data -dependent feed, and we expect the data to ask them to supply them later this year, as unemployment increases, and the inflation of services is cooling,”
In the meantime, Paul was not in the future, noting that the Fed would continue to examine the balance while preparing the risks “before adjusting our policy position. “
“We consider our current policy stance appropriate to avoid inflation risks,” said Paul.
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